(April 18, 2021 at 5:34 am)Anomalocaris Wrote: How is a strong currency necessarily good? If strong currency is good, why has the US been accusing China for 20 years of artificially keeping its currency artificially weak to hurt the US?
Also, if your idea is to peg the Ukrainian currency to the dollar, do you think the exchange value of currency can be maintained by fiat over the long run if the currency is freely exchangeable? If it is not freely exchangeable, and so susceptible to exchange rates set by fiat, how does that help you in branching out to Europe?
clear